For those not in NJ, there's no such thing as not renewing a lease here, period.

Maybe my expenses and reserves are too conservative, but I think they're reasonable:PM: 10% - actualVacancy: 8% - estimate; 1 month/year and includes annual lease-up for tenant renewal (just a few hundred dollars, so less than 8%)Repairs: 5% - estimateCap-Ex: 5% - estimateGross rent is $885/month for this 3/2 rental. 

One more thing, if the property is in an "urban renewal district"  the redeemer has to pay for ALL repairs even if it is upgrades.

For example my accountant always lets me know when renewals and other forms are due, which he typically handles and only costs me $50 a year, as well as answers plenty of questions that I have.As a word of warning, if you do decide to go through an online company you must be on top of every form filing.

Property management will likely be more than 10% as well if you consider placement, advertising, and lease renewal fees. 

If you are upset by it then don’t renew the lease...

My motivation is renewed now because I am finally taking a permanent job in Maryland and will quit moving every couple years.

They either pay on time or they get a notice to non renew.

I wish someone had told me before because I would never have renews his lease and now we are a week into the new one... my intent is to ask him to leave by the end of the month and if he does not I will start eviction proceedings.

It's renewed on an annual basis not monthly.